Moneycontrol Pro highlights: Are we nearing the top in gold prices, analysts pick of stocks

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Is there some juice left in the gold rally?

Once again, gold has proved its worth of being an ideal safe haven during a crisis. But the question for investors is: Is there still some steam left in the rally or are we nearing the top in gold prices, given the sharp run-up during the year? Uncertainty in the world economy, US-China trade wars and central bank buying are some of the factors in the mix. Read here to know what all this means for investors.

Ideas for Profit

Petronet LNG: A defensive bet in the current environment Petronet LNG’s profitability improved although as expected revenue and net profit declined. Volume growth improved on the back of expansions. If its utilisation levels improved as anticipated, that should contribute to higher growth. Capacity expansion at Dahej is expected to the main trigger going forward. Read here for our analyst’s view on the stock.

UltraTech Q1 volume growth disappoints, rich valuation limits upside UltraTech’s performance was a mixed one with volumes lagging although profitability improved on the back of higher prices. It has completed the integration of Binani Cement with itself and its costs have been brought in line. Next in line is the integration of the cement assets of Century Textiles. While the general elections dampened demand for cement during the quarter, it is expected to recover, especially in the second half of FY20. Read what our analyst thinks about the stock despite its stretched near term valuations.